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Showing 161 - 170 of 1618 results for "Power50"

New starter at GCQ Funds

ELIZABETH FRY  |  THURSDAY, 13 FEB 2025
Doug Tynan's GCQ Funds Management has picked up an Ellerston Capital manager to look after advisory groups in New South Wales and South Australia. Nathan Boroughs has been appointed distribution director and will work closely with GCQ distribution ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

Local family office backs new venture to invest in climate tech

ANDREW MCKEAN  |  WEDNESDAY, 12 FEB 2025
The family office of Daniel Besen has become an anchor investor in new venture capital firm Climate Tech Partners, investing in "innovative software and hardware companies" accelerating decarbonisation. Climate Tech Partners was founded by Patrick Sieb ...

Renewable energy company secures $160m from Macquarie

KARREN VERGARA  |  MONDAY, 10 FEB 2025
Macquarie Asset Management (MAM) is providing $160 million (€97m) to finance the expansion ambitions of Spanish renewable energy company Greenalia. Greenalia is the developer, owner, and operator of renewable energy assets in Spain, Portugal, and ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
A Victorian-based self-managed superannuation fund (SMSF) auditor will remain disqualified after he failed to overturn ASIC's initial verdict. ASIC originally disqualified Nazrul Islam, of Clayton South in Victoria, from being an approved SMSF auditor ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
Treasurer Jim Chalmers has announced the release of a consultation paper to gather insights and feedback on how to restructure Australia's financial reporting architecture with the aim to make it more efficient, effective, and fit for purpose. Chalmers ...

Chief executive misbehaviour stifles investment returns

ANDREW MCKEAN  |  THURSDAY, 23 JAN 2025
Secret affairs, sexual harassment, and systemic abuses of power by chief executives and senior leaders have the potential to erode investment returns, according to Acadian Asset Management. Events like these can shake company valuations, demonstrating ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
More companies will divest their superannuation administration offerings in 2025, according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience ...

Macquarie AM splashes billions on Applied Digital Corporation

MATTHEW WAI  |  WEDNESDAY, 15 JAN 2025
Macquarie Asset Management (MAM) has pledged US$5 billion to NASDAQ-listed Applied Digital Corporation, which provides high-performance computing (HPC) data-centre solutions. MAM will initially commit up to US$900 million to operate the Ellendale HPC ...